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Jul 19, 2011
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they are talking to the big problem. take a listen to this. >> so many people talk about doing this. with $2 trillion of deficit reduction. this is not a solution. that is not going to fool our creditors. >> everyone else is talking about $2 trillion. it doesn't pay the interest in next ten years. >> tom coburn coming up with his own plan, entitled back in black. here is some of it re deuce the size of government 20 to 25%. balance the budget in ten years. $3 trillion from entite #alment reformat, $1 trillion from the tax code reform, $1 trillion in saved interest costs. adding up to $9 trillion total and says it's specific the plan. conrad late today responding this is a bit too much. what about this? >> the interesting thing is the perspective from the debate, this won't pass congress is it puts revenue on the table. not many republicans are willing to do that. democrats will go back to that and say even tom coburn is willing to do it. >> bret: the tax code is restretchtureed and close it down. the republicans haven't
they are talking to the big problem. take a listen to this. >> so many people talk about doing this. with $2 trillion of deficit reduction. this is not a solution. that is not going to fool our creditors. >> everyone else is talking about $2 trillion. it doesn't pay the interest in next ten years. >> tom coburn coming up with his own plan, entitled back in black. here is some of it re deuce the size of government 20 to 25%. balance the budget in ten years. $3 trillion from...
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Jul 20, 2011
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that is a big question. and a big liability on the democratic side. as well as republican hesitation. about giving in to triggers down the road. that would change some of tax plans. tax rates would be lowered on individuals and corporations. but you have to trust that the cuts would actually take place. >> bret: i mean here we go again. we have been down this road before, steve. figuring out what exactly is in the piece of legislation. >> it was six pages yesterday. it doesn't have details. that's a reason to be skeptical of it until we see what is in it. i think we're at a pretty crucial point in this entire discussion. i think we are at a point where i hate to agree with juan about where "cut, cap and balance" is going. >> i thought you were going to say ever. >> i do hate to agree with juan ever, although he did say that raising taxes was a negative. if i'm not. >> yes. especially for. >> that was. >> that's the truth. i tell you the truth. >> we're in a big moment. "cut, cap and balance," i like "cut, cap and balance" on substance. i agree it is n
that is a big question. and a big liability on the democratic side. as well as republican hesitation. about giving in to triggers down the road. that would change some of tax plans. tax rates would be lowered on individuals and corporations. but you have to trust that the cuts would actually take place. >> bret: i mean here we go again. we have been down this road before, steve. figuring out what exactly is in the piece of legislation. >> it was six pages yesterday. it doesn't have...
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Jul 26, 2011
07/11
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big in many ways is just as harded as doing something small. we've said we could fall short of that goal. it may not be achievable. we could in the aftermath fight for something significant and tax and entitlement reform. and we would set something out as long as it ensures that the cloud hanging over the economy is removed and that we lift the debt selling for a substantial period of time to make sure, the uncertainty that that creates doesn't continue to stay with us and that it still achiefs significant deficit reduction. that's not an ideal outcome, but this president made it clear he's not holding out for perfections, and he understands that no party to these negotiations will get everything he or she wants. >> bret: you say the president still thinks it's possible. why then did four months ago, did you say this. >> we believe we should move quickly to raise the debt limit and-- >> a clean bill is without tax revenues or anything, it's not big at all. >> bret, you know, that certainly the link between raising a debt ceiling and a deficit r
big in many ways is just as harded as doing something small. we've said we could fall short of that goal. it may not be achievable. we could in the aftermath fight for something significant and tax and entitlement reform. and we would set something out as long as it ensures that the cloud hanging over the economy is removed and that we lift the debt selling for a substantial period of time to make sure, the uncertainty that that creates doesn't continue to stay with us and that it still achiefs...
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Jul 7, 2011
07/11
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in a big deal, lawmakers may find them worthwhile. state republican leader mitch mcconnell says they all want a deal but they fear a big tax increase. >> bret: the director of the capital of economic advisors will join us in a moment. federal appeals court barred any enforcement on the ban on openly gay service members. the ninth circuit court of appeals in san francisco says the "don't ask, don't tell" policy must be lifted immediately. they repealed it in september but the pentagon is working on the transition. we learned today that the shooter in the fort hood massacre will face death penalty in his court-martial. army sigh control psychiatrist nidal hasan faces charges in the shooting spree at the texas army post. authorities are warning airlines that terrorists may try to con seem explosives within their bodies. we have more on the story we told you about tuesday, about a terror suspect being brought to the u.s. to face criminal charges. national correspondent catherine herridge has defails. >> reporter: this court in southern di
in a big deal, lawmakers may find them worthwhile. state republican leader mitch mcconnell says they all want a deal but they fear a big tax increase. >> bret: the director of the capital of economic advisors will join us in a moment. federal appeals court barred any enforcement on the ban on openly gay service members. the ninth circuit court of appeals in san francisco says the "don't ask, don't tell" policy must be lifted immediately. they repealed it in september but the...
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Jul 5, 2011
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. >> the big problems wouldn't go away. it just delays the moment of truth. i say better now than then but if we can't, we'll take the savings we get now and relitigate this as we get closer to the election. >> the white house toughened the language in recent days, criticizing congress and specifically republicans. speaking to the national education association on sunday, vice president biden sounded campaign mode using class war fair argument against the republican -- war warfare argument against the republicans. >> they believe 1% of the wage earners controlling 1% of the wealth is a vehicle to spur economic growth. because those with the wealth know the most that will know best to do with that wealth. >> some republicans have punched back by being critical of the process the white house chose to address the problem including negotiations led by the vice president. we have been waiting on secret talks to somehow settle our problem. but congress is the constitutional place for this to be decided. >> cornyn sounded worried a possible white house strategy may
. >> the big problems wouldn't go away. it just delays the moment of truth. i say better now than then but if we can't, we'll take the savings we get now and relitigate this as we get closer to the election. >> the white house toughened the language in recent days, criticizing congress and specifically republicans. speaking to the national education association on sunday, vice president biden sounded campaign mode using class war fair argument against the republican -- war warfare...
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Jul 28, 2011
07/11
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that's a big sticking point. there are things called triggers which would -- you know, if people walked away from these committees, they're supposed to find more savings, without getting too into those details, there are sticking points, but there are ongoing discussions about getting to something before tuesday. those are involved -- some of the members of the gang of six are involved in those discussions. scenario durbin of illinois, senator chambliss, others are involved, and so are the senate minority leader and majority leader. i don't think we'll see -- if we see this projection in the senate tonight -- rejection in the senate tonight, i don't think we'll see anymore tonight. hopefully over the weekend they cobble something together. >> this is one of the arguments that john boehner is making right now. this is why this needs to pass. if this doesn't pass we're not in the conversation anymore. we are silent. if this passes, then you can imagine some kind of a compromise along the lines of what a.b. is talki
that's a big sticking point. there are things called triggers which would -- you know, if people walked away from these committees, they're supposed to find more savings, without getting too into those details, there are sticking points, but there are ongoing discussions about getting to something before tuesday. those are involved -- some of the members of the gang of six are involved in those discussions. scenario durbin of illinois, senator chambliss, others are involved, and so are the...
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Jul 15, 2011
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this is not that big of a deal as they describe it. someone calls bret a lunatic, which is of course not true, in an e-mail. so i pronounce nonissue. >> shannon: for a lot of people the problem is the white house denied trying to ice fox out of the initial interview and these e-mails seem to show something different. >> this is not complicated. they were caught in a lie. the white house was lying about this stuff no reason to dress it up. that is what happened. they said it didn't happen and it happened. so it's a lie. i'm not terribly concerned that someone sent joking e-mail about a dead fish in cubby. that happens all the time. don't make federal case of that stuff. but on the merit of the issue the white house put out one line and the opposite was the truth. i think that is what we learn from the story. >> shannon: charles, you seen aptsy over here. >> response to what chuck said. i assure you that among internal e-mail i got from fox i never seen a dead fish. lunacy and bret, i speak as a psychiatrist and sadie fintively he is not
this is not that big of a deal as they describe it. someone calls bret a lunatic, which is of course not true, in an e-mail. so i pronounce nonissue. >> shannon: for a lot of people the problem is the white house denied trying to ice fox out of the initial interview and these e-mails seem to show something different. >> this is not complicated. they were caught in a lie. the white house was lying about this stuff no reason to dress it up. that is what happened. they said it didn't...
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Jul 29, 2011
07/11
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they think in the long run it will be effective in a big debate like this. bret? >> bret: ed, thank you. stocks were again down today to close what was the worst week in a year. the dow dropped 97, the s&p 500 gave back 8 1/3, the nasdaq dropped 10. fuel to the fire in the debt ceiling debate. peter barnes breaks down the number. >> high gas prices and weak income gains for workers have the economy growing at its slowest six-month pace since the economic recovery began early last year. the government said today that gdp grew at just a 1.3% annual rate in the second quarter, well below expectations. but the shocker was a huge downward revision of the number for the first quarter. growth originally clocked in at 1.9%, but now the government says it grew at just .4 of a president. for the president, the numbers were too bad to ignore, even as he pressured republicans to cut a deal with him on the debt ceiling to help the econom >> on a day when we've been reminded how fragile the economy already is, this is one burden we can lift ourselves. we can end it with a simpl
they think in the long run it will be effective in a big debate like this. bret? >> bret: ed, thank you. stocks were again down today to close what was the worst week in a year. the dow dropped 97, the s&p 500 gave back 8 1/3, the nasdaq dropped 10. fuel to the fire in the debt ceiling debate. peter barnes breaks down the number. >> high gas prices and weak income gains for workers have the economy growing at its slowest six-month pace since the economic recovery began early...
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Jul 28, 2011
07/11
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that was a big -- that was a big moment for him. i think right now we're at a point much like we were with -- before the government -- almost government shutdown a few months ago, where you have boehner and harry reid, who is a deal-maker, don't forget, and reid actually, despite that shot across the bow today by the 53 senators, harry reid is a deal-maker. he doesn't have taxes in that plan that he has. they both -- both those figures emerged pre-- you know, during the budget battle that led to the -- that forestalled the government shutdown. they emerged as the major figures there. i think that's what we'll see. we'll see those two emerge, a deal eventually go to the white house. if this white house really thinks this is a catastrophe waiting to happen, it's going to have to deal with it. >> bret: charles, they may say in this letter that this deal won't pass the senate, but you have a number of democrats who are up for re-election from red-leaning states, who would have to vote on the boehner plan, that by numbers is not that dif
that was a big -- that was a big moment for him. i think right now we're at a point much like we were with -- before the government -- almost government shutdown a few months ago, where you have boehner and harry reid, who is a deal-maker, don't forget, and reid actually, despite that shot across the bow today by the 53 senators, harry reid is a deal-maker. he doesn't have taxes in that plan that he has. they both -- both those figures emerged pre-- you know, during the budget battle that led...
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Jul 30, 2011
07/11
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the deficit is too big. we are not using the right baseline because we are assuming 8% increases every year as far as the eye can see and what bothers me in all of this, karl, is that the tea party's attack, "wall street journal," nro, weekly standard, they are called hob bits, senator mix cane mccain, it iss compromise mentality that gave us this debt and the tea party by -- this is what they said what they wanted from the elected officials they are standing on a principle. when did it become a bad thing to stand on your principles? >> i think you are right but let's remember this is about the debt ceiling that is part of but in some ways separate from the broader question of the deficit. and we have turned the debt ceiling into a welcome opportunity to do something about the deficit but we shouldn't expect to get everything done on this debt ceiling vote that needs to be done on the deficit because some involves deep structural reforms that ought to be discussed and debated for the good of the country. >>
the deficit is too big. we are not using the right baseline because we are assuming 8% increases every year as far as the eye can see and what bothers me in all of this, karl, is that the tea party's attack, "wall street journal," nro, weekly standard, they are called hob bits, senator mix cane mccain, it iss compromise mentality that gave us this debt and the tea party by -- this is what they said what they wanted from the elected officials they are standing on a principle. when did...
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Jul 25, 2011
07/11
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. >> big difference between talking and getting stuff done. and i get stuff done. >> it's the latest chantner the rivalry of the two minnesota candidates for the republican presidential nomination, which boiled over yesterday, with pawlenty having spent almost two weeks saying bachmann has no congressional accomplishments to speak of, bachmann had enough. in a sunday statement, she fired back saying "i've fought against irresponsible spending while governor pawlenty was leading a multimillion dollar budget mess in minnesota." later the bachmann campaign added on healthcare mandates, climate change and wall street bail-outs there's very little daylight between governor pawlenty's record and the obama administration's." this back and forth comes with pawlenty still trailing bachmann in the polls. for bachmann, the verbal sparring seems to come with at least some risk. it will likely draw even more attention to the iowa straw poll, less than three weeks away, and pawlenty seems to have the advantage of a larger, deeper iowa organization. the stra
. >> big difference between talking and getting stuff done. and i get stuff done. >> it's the latest chantner the rivalry of the two minnesota candidates for the republican presidential nomination, which boiled over yesterday, with pawlenty having spent almost two weeks saying bachmann has no congressional accomplishments to speak of, bachmann had enough. in a sunday statement, she fired back saying "i've fought against irresponsible spending while governor pawlenty was leading...
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Jul 16, 2011
07/11
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and why the big 5-0 might not be a big birthday bash for the president. @@ my bills are going through the roof. do you know, my medical costs have gone up so much, i can't even afford my prescriptions anymore. you wouldn't leave your grandmother all alone. and i just found out my rent is going up again. yet millions of seniors are on their own, struggling to make ends meet. you should see my utility bills. expenses are soaring. costs are skyrocketing. and don't get me started on the prices at the grocery. but social security checks are too low to help seniors keep up with inflation. i don't think anybody even cares about me anymore. there is hope. the senior citizens league, a nonpartisan group more than one million seniors strong, is fighting for better social security and medicare benefits. for more information, call 1-800-333-8725 or visit www.seniorsleague.org. the senior citizens league. you're not alone. ♪ ♪ >> bret: now some fresh pickings from the political grapevine. president ba obama has another incentive to get the debt ceiling deal done. his 50th birthday fundraisers
and why the big 5-0 might not be a big birthday bash for the president. @@ my bills are going through the roof. do you know, my medical costs have gone up so much, i can't even afford my prescriptions anymore. you wouldn't leave your grandmother all alone. and i just found out my rent is going up again. yet millions of seniors are on their own, struggling to make ends meet. you should see my utility bills. expenses are soaring. costs are skyrocketing. and don't get me started on the prices at...